I think that if it is the bearish count and go below 5700 (the key support level that has been tested 3 times) then you could see a massive automatic sell off..
I think that if it is the bearish count and go below 5700 (the key support level that has been tested 3 times) then you could see a massive automatic sell off..
Actually I would love that. Quick panic sell down to 4200 and 4 hours later back over 6000 would be my dream scenario. Kill the stops, let them sell low and be ready for the next uptrend to happen shortly after.